Author: Ankur

Haryana Issues Tender for 300 MW Solar Plant

In case of excess generation, the developer will be free to sell it to other entities in case the discom refuses to purchase the excess power. In order to increase the share of renewable energy in the state and to fulfill Haryana’s renewable purchase obligation, Haryana Power Purchase Centre (HPPC) has issued a proposal (RFS) […]

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EBRD Lends 5.9 Mn Euros for 15 GW Macedonian Solar Plant

Since the new solar plant is located at the site of an exhausted lignite coal mine it will also support ELEM’s efforts to rehabilitate the 26 hectare mine site. The European Bank for Reconstruction and Development (EBRD) is lending 5.9 million euros to ELEM, Macedonian state-owned electricity company, to build the first large-scale solar power […]

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Vibrant Gujarat to See RE Deals Worth Rs 50,000 Cr

Gujarat Power Corp Ltd, owned by the Gujarat government, will be laying the foundation stone for one of the biggest solar power park. The 9th edition of the Vibrant Gujarat Global Summit 2019 (VGGS) which is happening from January 18th to 20th, 2019, is expected to witness investment commitment of a massive Rs 50,000 crore […]

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EBRD Issues 600 Mn Euro Green Bonds

The proceeds of EBRD’s bonds are earmarked to support a specific portfolio of environmentally and socially sustainable projects. The European Bank for Reconstruction and Development (EBRD) has issued a five-year 600 million euro ($685 million) green bond, the bank said in a statement. This transaction represents EBRD’s inaugural benchmark Green Bond in the EUR market, […]

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NTR Secures 229 million Euros in Second Renewable Energy Fund

The fund is targeting €500 million and will invest in both pre-construction and operational onshore wind and solar projects across markets. Irish green asset manager, NTR plc has announced 2it has secured funding of 229 million  euros for the NTR Renewable Energy Income Fund II, of which €145 million has been secured for the fund’s […]

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Renewable Source Catered to 52% of Portugal’s Energy Needs in 2018

The balance of trade favoured exports for the third year in a row and amounted to around 5% of domestic consumption. In a massive achievement, Portugal met 52% of its power need through renewable sources, a press release by Portuguese power utility Redes Energeticas Nacionais (REN) shows. Renewable production supplied 52% of domestic consumption, plus […]

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Oakridge Energy Raises Line of Credit for Residential Rooftop Solar

Oakridge will use this money to offer payment plans to home owners who install solar rooftop plants with easy repayment options. One of North India’s leading residential rooftop solar companies, Oakridge Energy has raised the first line of credit from the Indian arm of Dutch social impact investor Oikocredit. The credit has been provided for […]

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Texas Can Be Free of Coal, Study Finds

Texas could meet a significant portion of its electricity demand from renewable power without investing much into extensive battery storage. Texas is the state from where the USA started its journey of oil, turns out it is also the place where wind and solar energy can provide power round the clock, a new research has […]

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Clearway Energy Signs PPA for 75 MW Hawaiian Solar Projects

Apart from these two projects, Clearway Solar also has three other projects in development which will be completed in 2019. Clearway Energy Group which has its headquarters in San Francisco has signed a power purchase agreement with utility Hawaiian Electric Company for solar projects of a combined 75 MW capacity. The two projects comprise of […]

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